The SGX Nifty indicates a quiet start for our markets this morning
The NCDs will be listed on the Wholesale Debt Market of BSE
Realty major DLF on Wednesday said the company will develop six new retail properties across major cities comprising 2.3 million square feet area as part of its expansion plan
Realty major DLF's arm DCCDL, which holds bulk of its office and rental assets, has reported a 3 per cent increase in net debt at Rs 19,640 crore during the September quarter due to higher capex. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF has nearly 67 per cent stake in the JV firm, while GIC has the remaining. According to an investors presentation, the net debt of DCCDL rose to Rs 19,640 crore as on September 30, 2021 from Rs 19,072 crore at the end of the first quarter of this fiscal year. DCCDL's 58 per funding is from banks and around 78 per cent of scheduled repayment is greater than 3 years. The latest debt has been raised at sub 7 per cent interest rates. "Debt levels to hold in the short term; expected significant reduction post REIT (Real Estate Investment Trust) listing," DCCDL said, adding "progress on getting DCCDL REIT ready remains on track." In June, DLF said that its rental arm DCCDL wou
At 01:05 pm, the S&P BSE Realty index, the top gainer among sectoral indices, was up 4.7 per cent
Bullish on demand DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore
DLF Ltd has reduced its net debt on improved cash flows
IRCTC and Bharti Airtel could be in focus owing to negative news flow, apart from the stocks that are likely to react to corporate earnings
According to the company, with increasing volumes and well calibrated price hikes, it expects further margin expansion for its projects
The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
In the current week, the stock of DLF broke out from the crucial resistance of 350 and saw added significant gains after that
DLF, Godrej Properties and Oberoi Realty have rallied between 30 per cent and 41 per cent in the past four trading days
The Nifty Realty Index can soar up to 15% on hopes of a strong demand for housing this festive season
Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)
DLF's tryst with the MMR market is not completely new. It has had smaller joint ventures and land ownership projects in the region earlier
Increasing demand for luxe housing, accommodative state policies and decadal-low home loan rates could be some of the triggers
While residential portfolio is strong, commercial assets may take time to recover
Realty major DLF Ltd's sales bookings jumped nearly 7-fold year-on-year to Rs 1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram. The company's sales booking stood at Rs 152 crore in the April-June quarter of the 2020-21 fiscal year because of the nationwide lockdown to control the COVID pandemic. In its investors presentation, DLF said it sustained sales momentum during the June quarter despite the resurgence of COVID infections. Out of the total sales bookings in Q1 of FY22, DLF said the launches of new projects contributed Rs 542 crore. "Encouraging response for independent floors across DLF City/New Gurgaon vindicates product demand & acceptability," the presentation said. DLF's CEO Ashok Tyagi had given a sales bookings guidance of Rs 1,000 crore per quarter and over Rs 4,000 crore in the entire 2021-22 fiscal year. On borrowings, DLF said its net debt reduced by Rs 141 crore during the June ...
At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end
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